Posts Tagged ‘NiceHash Ethereum’

NiceHash has recently added Ethereum support (Dagger-Hashimoto algorithm) to their service for leasing or renting hashrate and now they have released an updated version of the NiceHash Miner to support it along with some more new algorithms. NiceHash Miner 1.3.0.0 (source) adds support for Ethereum mining for AMD and NVIDIA GPUs as well as support for Blake256r8, Blake256r14 and Blake256r8vnl algorithms for AMD and NVIDIA GPUs. The application switches automatically between the currently most profitable algorithm and makes mining with the CPU or AMD/Nvidia GPUs an easy task for novice users bringing in the highest return for the miner. The application essentially leases your hashrate to users that are willing to pay for it and you get paid directly in Bitcoin. This means that you no longer need to follow exchange rates and to manually trade different crypto currencies, however this also means that directly mining and exchanging a given crypto currency at the right time might be more profitable than to lease your hashrate.

The service for renting or selling your hashrate for various mining algorithms with direct payment in Bitcoin, NiceHash, has added support for Ethereum’s Dagger-Hashimoto algorithm as well as for Blake256r8, Blake256r14 and modified Blake256r8vnl (Vanillacoin) algorithms. Do note however that the Blake256 14-rounds used by Decred is not yet supported, so be careful when setting up your miners for the Blake256 algorithms regardless if you need getting or selling your hashrate on the service. The usage for Ethereum mining is pretty much the same like what you would go for with a normal ETH pool that does not have stratum implemented. For more details on the newly added algorithms you can visit NiceHash…

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